Briefs: ASIC to expand its rate rigging claim against Westpac, iSelect appoints new CFO, ACDBA appoi
The Australian Securities and Investments Commission will file an amended statement of claim against Westpac over its rate rigging claims on Friday, the Australian Financial Review reports. The document is said to go further than the initial claims of manipulation of the bank bill swap rate between 2010 and 2012. The report says ASIC will also file more documents to support its rate rigging claim against ANZ. The company with a revolving door to its executive suite, iSelect, has appointed Darryl Inns as its new chief financial officer. Inns was previously CFO at the telecommunications company M2 Group. He is iSelect's third CFO since the company listed in 2013 and he takes up a role that has been vacant since October last year. The Australian Collectors & Debt Buyers Association has set up a code compliance monitoring committee to police the industry code of practice it launched in March. The committee's members are Peter Boehm, who will chair the committee and is also the ACDBA chair; Fiona Hawkins, a former executive at Financial Counselling Australia; and Michael Watkins, a solicitor who has worked as general counsel at Collection House. The new code, which will apply to the association's 18 members, spells out ethical and governance requirements for companies that buy and collect impaired consumer debt.